YEAR ESTABLISHED: 2013
REVENUE: $4.1 billion
(2015: $4.1 billion)
Automotive OEM; Collision repair; Industrial Coatings; Commercial Transportation
Charles. W. Shaver, chairman and CEO; Robert Bryant, EVP and CFO; Nigel Budden, VP, global customer excellence; Michael Cash, SVP and president, industrial coatings; Jorge Cossio, president, Latin America region; Michael F. Finn, SVP and general counsel; Mattias Schöenberg, VP & president, Europe, Middle East and Africa region; Martin Horneck, SVP and chief procurement and logistics officer; Dan Key, SVP, operations and supply chain; Sean Lannon, VP, corporate finance & global controller; Steven Markevich, EVP and president transportation coatings & Greater China; Joseph F. McDougall, SVP global branding, corporate affairs & chief human resources officer; Tabitha Oman, assistant general counsel, compliance & ethics; Rajeev S. Rao, VP, strategy & business development; Sobers Sethi, VP, emerging markets; Barry S. Snyder, SVP and CTO; and Aaron D. Weis, VP and CIO.
Axalta Coating Systems is a global supplier of coatings to the transportation and industrial sectors. The company posted sales of $4.1 billion for 2016. Transportation Coatings (light vehicle OEM and commercial vehicles) comprised $1.67 billion of sales and Performance Coatings (industrial and refinish) comprised $2.403 billion.
The company currently employs approximately 13,000 people and has 16 locations in Asia-Pacific, 12 in Europe, Middle East and Africa, ten locations in North America and eight locations in Latin America (including Mexico) – producing liquid or powder coatings.
The company made a number of acquisitions and divestitures. Some key highlight for 2016 include:
• Acquired High Performance Coating (HIPIC) in Southeast Asia (2016)
• Acquired Automotive Interiors business of United Paint in North America (2016)
• Acquired coil coatings business of Dura Coat Products, Inc. in North America (2016)
• Acquired Ellis Paint for North America (2017)
• Acquired Century Paint for North America (2017)
In 2016, Axalta Coating Systems celebrated its 150th anniversary as a coatings leader. Axalta said this was an exciting year for the company and the Industrial coatings segment. High performance coatings supplied to the architectural and building construction market has emerged as one of the fastest growing segments in the Industrial coatings market. Customers are looking for companies with a comprehensive portfolio, that can meet all their needs, globally. Axalta has made significant progress in expanding its product offerings to meet the growing demand of this segment and its customers.
In June, Axalta purchased a majority stake in Dura Coat Products Inc., a prominent manufacturer of coatings for the metal coil and liquid extrusion markets in North America. Axalta prides itself on overcoming customer challenges through innovation and customer service excellence, two key areas on which Dura Coat has developed a legacy and leadership position within the coil market. Their innovative product lines are formulated to suit a variety of building construction needs, general industrial applications and coating of aluminum extrusions. Axalta now offers Dura Coat brands for the metal roofing industry to our customers. Some of the brands include Durapon 70, a premium PVDF coating that is formulated to be harder and more flexible than other PVDF coatings, Ceranamel XT-40S, a super durable polyester formulated with select inorganic and ceramic pigments, and Hydropon, a water-based, air-dry PVDF coating. Dura Coat also collaborated with its customer Coatings Metal Group last year to design a special wrinkle-textured polyester version of XT40S, called Krypt-Stone, which will give a unique, textured appearance, enhanced abrasion resistance and increased scratch-resistance during installation.
In addition, Axalta revamped its offerings complementary to those served by Dura Coat, including leading global powder coatings brands Alesta and Abcite, AquaEC electrocoat products and Imron Industrial coatings which each provide customers in the construction, architectural, and general industrial sectors with durable coatings formulated to protect, increase productivity and add beauty. In 2016, Axalta introduced a Global Warranty program for its premium line of Alesta architectural powder coatings providing a unique and consistent program to specifiers and façade fabricators through Axalta’s approved applicators, from 15-30 years respectively. Axalta responded to customers seeking brighter metallic options with the new ICONICA Alesta Super Durable powder coating collection, which was designed with architects and industrial designers in mind and will launch officially in the first half of 2017. The collection will be heavily comprised of Alesta FX technology bonded metallic products that provide outstanding ease of application and are produced in brand new, state-of-the-art facilities in Europe and China.
Due to these efforts, Axalta coatings were chosen for projects such as King Abdulaziz International Airport in Jeddah - Saudi, The Signature Tower in Kuala Lumpur, which will be the tallest building in southeast Asia, Bishopsgate 22 in London and the Philharmonie De Paris concert hall, among others. Axalta expects to add more of these projects to our portfolio in 2017.